Asian shares outside of China declined in cautious trading Tuesday ahead of earnings reports both in the region and overseas, after Wall Street’s long, record-breaking rally ran out of steam. Hong Kong's Hang Seng added 0.5% to 20,576.07 while the Shanghai Composite rose 0.5% to 3,285.49 following a cut to interest rates that took effect on Monday. On Wall Street, the S&P 500 slipped 0.2% to 5,853.98, coming off a sixth straight winning week, its longest such streak of the year.
Ukraine-Russia live: Kyiv outraged by UN chief’s ‘trip to meet Putin’ as Russian commander killed with hammer Liam Payne had ‘multiple substances’ in his body at time of death, preliminary toxicology report revealsMorning Bid: Bonds and gold begin countdown to US Election Day While gold hits record highs, a confluence of strong U.S. economic data, the so-called "Trump trade" and a renewed focus on the fiscal outlook has pushed 10-year yields to three-month highs. Notwithstanding a broad selloff in gilts and European sovereigns on Monday, U.S. yields are moving faster than global peers and driving markets as strong U.S. labour indicators have traders losing confidence in Federal Reserve rate cuts.
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